***CPI REPORT TOMORROW***
CORE CPI YOY 2.9 PREVIOUS, 2.8 EXPECTED
CPI YOY 3.8 PREVIOUS, 4.2 EXPECTED
All eyes will be on the CORE cpi, not so much the headline. Why? Market believes the war is nearly complete, and crude is down quite bit today (funny markets down). I think if headline comes in 4.2, and Core comes in expected, the market can still recover tomorrow morning.
But you certainly don't want to see 4.2+ on headline.
I'd say: Headline 4.1 + Core 2.8 would be enough for $QQQ 715-720.
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